Welcome to our dedicated page for APA (US) news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA (US) stock.
APA Corp (NASDAQ: APA) is an independent energy company focused on oil and natural gas exploration across strategic global regions including the United States, Egypt, and offshore Suriname. This page provides investors and industry observers with comprehensive access to APA's official announcements and market-moving developments.
Key features: Track APA's operational updates, financial results, and strategic initiatives through verified press releases and curated news analysis. Our aggregation ensures timely access to earnings reports, partnership announcements, and technology implementations like subsea drilling systems and FPSO deployments.
Content includes: Quarterly earnings disclosures, asset acquisition updates, leadership changes, sustainability initiatives, and production capacity developments. All materials are sourced from official channels to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined monitoring of APA's activities in conventional and emerging energy markets. Check regularly for updates on exploration progress, international projects, and operational efficiency advancements critical to understanding the company's market position.
APA Corporation has increased its dividend from an annualized rate of 50 cents per share to $1.00 per share, reflecting a strong commitment to returning value to shareholders. The next quarterly dividend of 25 cents per share will be paid on November 22, 2022, to stockholders of record as of October 21, 2022. The company aims to return at least 60% of free cash flow through dividends and stock repurchases. Additionally, a new share repurchase authorization of 40 million shares has been approved, emphasizing continued confidence in cash flow sustainability.
APA Corporation (Nasdaq: APA) announced an oil discovery offshore Suriname at Baja-1 in Block 53, reaching a depth of 5,290 meters and encountering 34 meters of net oil pay. The preliminary analysis indicates light oil with a favorable gas-oil ratio. This marks the sixth oil discovery in the region, confirming APA's geologic model. Additionally, the company received regulatory approval for a four-year extension of the Block 53 Production Sharing Contract. Operations on the Dikkop exploration well in Block 58 concluded with water-bearing sandstones found.
APA Corporation (Nasdaq: APA) reported its second-quarter 2022 financial and operational results on August 3, 2022. The results, along with additional insights, are accessible via the company's website. A conference call is scheduled for August 4 at 10 a.m. Central time to discuss these results, with a replay available for one year post-call. APA engages in oil and natural gas exploration and production across the U.S., Egypt, U.K., Suriname, and the Dominican Republic. For further announcements and investor information, stakeholders can visit www.apacorp.com.
APA Corporation (Nasdaq: APA) has released supplemental information on its second-quarter 2022 financial results. The company reported strong average realized prices for oil at $111.00 in the U.S. and $115.00 internationally, along with production forecasts of 200 Mboe/d in the U.S. and 105 Mboe/d internationally. Despite some production variances, significant share repurchases of 7.0 million shares at $41.60 and an additional 6.9 million shares at $33.87 showcase shareholder return efforts. The company also reduced debt by $605 million during the quarter.
APA Corporation (Nasdaq: APA) announces the election of H. Lamar McKay as the new chairman of the board, effective September 1, following John E. Lowe's retirement. McKay, 63, joined the board in February 2021 and has a distinguished 40-year career in the oil and gas industry, including leadership roles at BP. His appointment is recognized as a strategic move for the company, emphasizing continuity and experience in leadership. Lowe, who served as chairman since 2015, was acknowledged for his significant contributions to APA during challenging times.
APA Corporation (Nasdaq: APA) announced flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. The tests showed oil-in-place resources of approximately 100 million barrels in the Upper Campanian zone and 80 million barrels in the Lower Campanian zone. The Upper Campanian had 32 meters of net oil pay with high-quality reservoir characteristics, while the Lower Campanian showed modest reservoir quality. Further appraisal drilling will be needed to confirm additional resources. The joint venture is also drilling the Dikkop exploration well in Block 58.
Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has opened its Tree Grant Program for the 2022-2023 season. Since 2005, the program has donated over 4.8 million trees to more than 900 organizations. The initiative aims to enhance green spaces and conserve habitats, and it's available to U.S. nonprofits and agencies in Texas, New Mexico, Louisiana, and Wyoming. Last season, over 55,000 trees were awarded to 66 nonprofits. Applications are due by August 14, 2022.
APA Corporation (Nasdaq: APA) announced results from its drilling operations on Suriname Block 53. The operator, APA Suriname, holds a 45% interest in the block. The Rasper well, completed in the Campanian and Santonian intervals, encountered water-bearing reservoirs, and further evaluation is ongoing. The Noble Gerry de Souza drillship will proceed to the Baja prospect, targeting Maastrichtian and Campanian formations, located near the recently discovered Block 58. The company explores for oil and gas in multiple regions, including the U.S. and Suriname.
APA Corporation (Nasdaq: APA) has announced a regular cash dividend of 12.5 cents per share on its common stock. The dividend is payable on August 22, 2022, to stockholders of record as of July 22, 2022. This initiative reflects the company's commitment to returning value to its shareholders and underscores its operational stability in the energy sector, where APA engages in oil and natural gas exploration and production in the U.S., Egypt, the U.K., and offshore Suriname.
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